Spirit Airlines (SAVE) Stock Forecast, Price Target & Predictions

OverviewRevenue Ownership Financials Chart Transcripts

SAVE Stock Forecast

Spirit Airlines stock forecast is as follows: an average price target of $2.13 (represents a 209.82% upside from SAVE’s last price of $0.69) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

SAVE Price Target

The average price target for Spirit Airlines (SAVE) is $2.13 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $2.25 to $2.00. This represents a potential 209.82% upside from SAVE's last price of $0.69.

SAVE Analyst Ratings

Buy

According to 11 Wall Street analysts, Spirit Airlines's rating consensus is 'Buy'. The analyst rating breakdown for SAVE stock is 0 'Strong Buy' (0.00%), 6 'Buy' (54.55%), 1 'Hold' (9.09%), 4 'Sell' (36.36%), and 0 'Strong Sell' (0.00%).

Spirit Airlines Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Aug 16, 2024	Christopher Stathoulopoulos	Susquehanna	$2.25	$2.79	-19.35%	227.27%
Jul 16, 2024	Thomas Fitzgerald	Cantor Fitzgerald	$2.00	$3.16	-36.71%	190.91%
Jul 16, 2024	Christopher Stathoulopoulos	Susquehanna	$2.50	$3.07	-18.57%	263.64%
May 07, 2024	Duane Pfennigwerth	Evercore ISI	$3.00	$3.44	-12.92%	336.36%
May 07, 2024	Michael Linenberg	Deutsche Bank	$3.00	$3.35	-10.45%	336.36%
Mar 27, 2024	Brandon Oglenski	Barclays	$4.00	$4.64	-13.79%	481.82%
Dec 20, 2022	Mike Linenberg	Deutsche Bank	$24.00	$19.26	24.61%	3390.91%
Jul 12, 2022		Susquehanna	$27.00	$24.68	9.40%	3827.27%
May 03, 2022	Jamie Baker	J.P. Morgan	$29.00	$21.40	35.51%	4118.18%
Jan 03, 2022	Conor Cunningham	MKM Partners	$25.00	$22.48	11.21%	3536.36%
Dec 13, 2021	Daniel Mckenzie	Seaport Global	$33.00	$22.59	46.08%	4700.00%
Oct 06, 2021	Catherine O'Brien	Goldman Sachs	$28.00	$26.32	6.38%	3972.73%
Sep 22, 2021	Stephen Trent	Citigroup	$35.00	$25.26	38.56%	4990.91%
Aug 17, 2021	Joseph DeNardi	Stifel Nicolaus	$28.00	$24.31	15.18%	3972.73%

The latest Spirit Airlines stock forecast, released on Aug 16, 2024 by Christopher Stathoulopoulos from Susquehanna, set a price target of $2.25, which represents a -19.35% decrease from the stock price at the time of the forecast ($2.79), and a 227.27% increase from SAVE last price ($0.69).

Spirit Airlines Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	6
Avg Price Target	-	-	$2.79
Last Closing Price	$0.69	$0.69	$0.69
Upside/Downside	-100.00%	-100.00%	305.82%

In the current month, the average price target of Spirit Airlines stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Spirit Airlines's last price of $0.69. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 13, 2024	Cowen & Co.	Sell	Sell	Hold
Oct 03, 2024	Cowen & Co.	Sell	Sell	Hold
Aug 16, 2024	Susquehanna	Negative	Negative	Hold
Jul 22, 2024	Citigroup	Sell	Sell	Hold
Jul 16, 2024	Cowen & Co.	Hold	Sell	Downgrade
Jul 16, 2024	Susquehanna	Negative	Negative	Hold
Jul 08, 2024	Deutsche Bank	Hold	Sell	Downgrade
Jul 05, 2024	Raymond James		Underperform	Downgrade
May 07, 2024	Cowen & Co.	Hold	Hold	Hold
May 07, 2024	Bank of America Securities	Underperform	Underperform	Hold
May 07, 2024	Deutsche Bank	Hold	Hold	Hold
Apr 16, 2024	Cowen & Co.	Hold	Hold	Hold
Apr 01, 2024	Citigroup	Sell	Sell	Hold
Jan 18, 2024	Citigroup		Sell	Downgrade
Dec 20, 2022	Deutsche Bank		Hold	Downgrade
Jul 12, 2022	Susquehanna	Neutral	Neutral	Hold
Jun 21, 2022	Wells Fargo		Overweight	Upgrade
Jun 21, 2022	Credit Suisse		Outperform	Upgrade
Jun 10, 2022	J.P. Morgan		Neutral	Upgrade
May 16, 2022	Goldman Sachs	Buy	Buy	Hold
May 16, 2022	Piper Sandler		Overweight	Upgrade
May 16, 2022	Wedbush		Outperform	Upgrade
Apr 19, 2021	Barclays	Overweight	Overweight	Hold

Spirit Airlines's last stock rating was published by Cowen & Co. on Nov 13, 2024. The company gave SAVE a "Sell" rating, the same as its previous rate.

Spirit Airlines Financial Forecast

Spirit Airlines Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	$1.32B	$1.26B	$1.43B	$1.35B	$1.39B	$1.34B	$1.37B	$967.32M	$987.56M	$922.63M	$859.31M	$461.28M	$498.49M	$401.92M	$138.53M	$771.08M	$969.82M	$991.97M
Avg Forecast	$951.90M	$1.09B	$1.13B	$1.03B	$1.13B	$1.12B	$1.17B	$1.09B	$1.11B	$1.16B	$1.30B	$1.27B	$1.32B	$1.26B	$1.47B	$1.35B	$1.39B	$1.35B	$1.35B	$962.30M	$963.13M	$922.66M	$817.93M	$459.10M	$515.98M	$383.18M	$105.65M	$827.68M	$967.32M	$989.78M
High Forecast	$951.90M	$1.09B	$1.13B	$1.03B	$1.13B	$1.12B	$1.17B	$1.09B	$1.11B	$1.27B	$1.30B	$1.27B	$1.32B	$1.32B	$1.47B	$1.35B	$1.39B	$1.35B	$1.35B	$962.30M	$963.13M	$922.66M	$817.93M	$459.10M	$515.98M	$383.18M	$105.65M	$827.68M	$967.32M	$989.78M
Low Forecast	$951.90M	$1.09B	$1.13B	$1.03B	$1.13B	$1.12B	$1.17B	$1.09B	$1.11B	$1.14B	$1.30B	$1.27B	$1.32B	$1.25B	$1.47B	$1.35B	$1.39B	$1.35B	$1.35B	$962.30M	$963.13M	$922.66M	$817.93M	$459.10M	$515.98M	$383.18M	$105.65M	$827.68M	$967.32M	$989.78M
# Analysts	3	3	4	5	4	5	2	2	3	7	3	2	4	10	9	9	8	8	8	8	9	9	9	9	9	9	9	9	13	13
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.00%	1.00%	0.97%	1.00%	1.00%	1.00%	1.02%	1.01%	1.03%	1.00%	1.05%	1.00%	0.97%	1.05%	1.31%	0.93%	1.00%	1.00%

Spirit Airlines's average Quarter revenue forecast for Mar 24 based on 2 analysts is $1.27B, with a low forecast of $1.27B, and a high forecast of $1.27B. SAVE's average Quarter revenue forecast represents a -3.88% decrease compared to the company's last Quarter revenue of $1.32B (Dec 23).

Spirit Airlines EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	3	3	4	5	4	5	2	2	3	7	3	2	4	10	9	9	8	8	8	8	9	9	9	9	9	9	9	9	13	13
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$-101.48M	$-80.83M	$124.39M	$-76.42M	$65.29M	$100.38M	$61.44M	$-112.87M	$-61.35M	$84.41M	$-168.45M	$-27.73M	$-91.52M	$-30.56M	$-122.14M	$9.29M	$180.18M	$188.46M
Avg Forecast	$-5.04M	$-5.75M	$-5.97M	$-5.44M	$-5.97M	$-5.93M	$-6.19M	$-5.75M	$-5.86M	$-6.13M	$-6.87M	$-242.20M	$-6.97M	$-6.66M	$-7.79M	$-220.19M	$-86.44M	$-27.72M	$-27.71M	$-200.17M	$-19.84M	$-19.00M	$-16.84M	$-28.39M	$-10.63M	$-7.89M	$-2.18M	$5.69M	$-19.92M	$-20.38M
High Forecast	$-5.04M	$-5.75M	$-5.97M	$-5.44M	$-5.97M	$-5.93M	$-6.19M	$-5.75M	$-5.86M	$-6.03M	$-6.86M	$-193.76M	$-6.97M	$-6.60M	$-7.79M	$-176.15M	$-69.15M	$-27.72M	$-27.71M	$-160.13M	$-19.84M	$-19.00M	$-16.84M	$-22.71M	$-10.63M	$-7.89M	$-2.18M	$6.83M	$-19.92M	$-20.38M
Low Forecast	$-5.04M	$-5.75M	$-5.97M	$-5.44M	$-5.97M	$-5.93M	$-6.19M	$-5.75M	$-5.86M	$-6.69M	$-6.88M	$-290.65M	$-6.97M	$-6.97M	$-7.79M	$-264.22M	$-103.73M	$-27.72M	$-27.71M	$-240.20M	$-19.84M	$-19.00M	$-16.84M	$-34.06M	$-10.63M	$-7.89M	$-2.18M	$4.55M	$-19.92M	$-20.38M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	14.57%	12.14%	-15.97%	0.35%	-0.76%	-3.62%	-2.22%	0.56%	3.09%	-4.44%	10.00%	0.98%	8.61%	3.87%	56.13%	1.63%	-9.04%	-9.25%

10 analysts predict SAVE's average Quarter EBITDA for Sep 23 to be $-6.66M, with a high of $-6.60M and a low of $-6.97M. This is -105.35% lower than Spirit Airlines's previous annual EBITDA (Jun 23) of $124.39M.

Spirit Airlines Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	3	3	4	5	4	5	2	2	3	7	3	2	4	10	9	9	8	8	8	8	9	9	9	9	9	9	9	9	13	13
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	$-183.65M	$-157.55M	$-2.35M	$-103.91M	$-270.66M	$-36.38M	$-52.41M	$-194.70M	$-87.16M	$14.77M	$-287.86M	$-112.32M	$-157.30M	$-99.14M	$-144.43M	$-27.83M	$81.21M	$83.46M
Avg Forecast	$-249.67M	$-177.40M	$-107.32M	$-143.45M	$-130.71M	$-149.18M	$-94.97M	$-139.43M	$-186.38M	$-253.86M	$-148.69M	$-232.61M	$-155.34M	$-161.59M	$42.57M	$-211.46M	$-122.81M	$-8.48M	$-50.13M	$-192.24M	$-95.76M	$-111.94M	$-86.33M	$-114.97M	$-160.97M	$-289.04M	$-305.61M	$-17.06M	$131.55M	$133.98M
High Forecast	$-249.67M	$-177.40M	$-107.32M	$-143.45M	$-130.71M	$-149.18M	$-94.97M	$-139.43M	$-186.38M	$-219.14M	$-148.69M	$-186.09M	$-145.42M	$-156.13M	$42.57M	$-169.17M	$-98.24M	$-8.48M	$-50.13M	$-153.79M	$-95.76M	$-111.94M	$-86.33M	$-91.98M	$-160.97M	$-289.04M	$-305.61M	$-13.64M	$131.55M	$133.98M
Low Forecast	$-249.67M	$-177.40M	$-107.32M	$-143.45M	$-130.71M	$-149.18M	$-94.97M	$-139.43M	$-186.38M	$-276.64M	$-148.69M	$-279.13M	$-170.76M	$-164.86M	$42.57M	$-253.75M	$-147.37M	$-8.48M	$-50.13M	$-230.69M	$-95.76M	$-111.94M	$-86.33M	$-137.97M	$-160.97M	$-289.04M	$-305.61M	$-20.47M	$131.55M	$133.98M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.18%	0.98%	-0.06%	0.49%	2.20%	4.29%	1.05%	1.01%	0.91%	-0.13%	3.33%	0.98%	0.98%	0.34%	0.47%	1.63%	0.62%	0.62%

Spirit Airlines's average Quarter net income forecast for Dec 21 is $-95.76M, with a range of $-95.76M to $-95.76M. SAVE's average Quarter net income forecast represents a -748.14% decrease compared to the company's last Quarter net income of $14.77M (Sep 21).

Spirit Airlines SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	3	3	4	5	4	5	2	2	3	7	3	2	4	10	9	9	8	8	8	8	9	9	9	9	9	9	9	9	13	13
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$46.32M	-	$48.02M	$46.10M	$47.38M	$48.72M	$35.35M	$37.51M	$36.09M	$35.26M	$23.64M	$22.08M	$17.88M	$11.35M	$163.05M	$162.24M	$172.93M
Avg Forecast	$37.84M	$43.18M	$44.90M	$40.89M	$44.83M	$44.58M	$46.49M	$43.20M	$44.06M	$46.05M	$51.59M	$50.51M	$52.35M	$50.01M	$58.54M	$53.86M	$52.85M	$53.52M	$53.48M	$38.26M	$38.29M	$36.68M	$32.52M	$24.20M	$20.51M	$15.23M	$4.20M	$99.93M	$38.46M	$39.35M
High Forecast	$37.84M	$43.18M	$44.90M	$40.89M	$44.83M	$44.58M	$46.49M	$43.20M	$44.06M	$50.31M	$51.67M	$50.51M	$52.35M	$52.36M	$58.54M	$53.86M	$63.42M	$53.52M	$53.48M	$38.26M	$38.29M	$36.68M	$32.52M	$29.04M	$20.51M	$15.23M	$4.20M	$119.92M	$38.46M	$39.35M
Low Forecast	$37.84M	$43.18M	$44.90M	$40.89M	$44.83M	$44.58M	$46.49M	$43.20M	$44.06M	$45.28M	$51.52M	$50.51M	$52.35M	$49.63M	$58.54M	$53.86M	$42.28M	$53.52M	$53.48M	$38.26M	$38.29M	$36.68M	$32.52M	$19.36M	$20.51M	$15.23M	$4.20M	$79.95M	$38.46M	$39.35M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.93%	-	0.89%	0.87%	0.89%	0.91%	0.92%	0.98%	0.98%	1.08%	0.98%	1.08%	1.17%	2.70%	1.63%	4.22%	4.39%

Spirit Airlines's average Quarter SG&A projection for Dec 23 is $52.35M, based on 4 Wall Street analysts, with a range of $52.35M to $52.35M. The forecast indicates a 13.01% rise compared to SAVE last annual SG&A of $46.32M (Sep 23).

Spirit Airlines EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	3	3	4	5	4	5	2	2	3	7	3	2	4	10	9	9	8	8	8	8	9	9	9	9	9	9	9	9	13	13
EPS	-	-	-	-	-	-	-	-	-	-	-	-	$-1.68	$-1.44	$-0.02	$-0.95	$-2.49	$-0.33	$-0.48	$-1.79	$-0.80	$0.14	$-2.73	$-1.15	$-1.61	$-1.07	$-1.81	$-0.41	$1.19	$1.22
Avg Forecast	$-2.28	$-1.62	$-0.98	$-1.31	$-1.19	$-1.36	$-0.87	$-1.27	$-1.70	$-2.32	$-1.36	$-1.45	$-1.42	$-1.48	$0.39	$-0.85	$0.03	$-0.08	$-0.46	$-1.58	$-0.87	$-1.02	$-0.79	$-2.66	$-1.47	$-2.64	$-2.79	$-0.46	$1.20	$1.22
High Forecast	$-2.28	$-1.62	$-0.98	$-1.31	$-1.19	$-1.36	$-0.87	$-1.27	$-1.70	$-2.00	$-1.36	$-1.45	$-1.33	$-1.43	$0.39	$-0.85	$0.03	$-0.08	$-0.46	$-1.58	$-0.87	$-1.02	$-0.79	$-2.66	$-1.47	$-2.64	$-2.79	$-0.46	$1.20	$1.22
Low Forecast	$-2.28	$-1.62	$-0.98	$-1.31	$-1.19	$-1.36	$-0.87	$-1.27	$-1.70	$-2.53	$-1.36	$-1.45	$-1.56	$-1.51	$0.39	$-0.85	$0.03	$-0.08	$-0.46	$-1.58	$-0.87	$-1.02	$-0.79	$-2.66	$-1.47	$-2.64	$-2.79	$-0.46	$1.20	$1.22
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.18%	0.98%	-0.05%	1.12%	-73.63%	4.26%	1.05%	1.13%	0.91%	-0.14%	3.46%	0.43%	1.10%	0.41%	0.65%	0.90%	0.99%	1.00%

According to 9 Wall Street analysts, Spirit Airlines's projected average Quarter EPS for Dec 21 is $-0.87, with a low estimate of $-0.87 and a high estimate of $-0.87. This represents a -724.60% decrease compared to SAVE previous annual EPS of $0.14 (Sep 21).

Spirit Airlines Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
DAL	Delta Air Lines	$60.81	$68.05	11.91%	Buy
SNCY	Sun Country Airlines	$14.90	$16.00	7.38%	Buy
UAL	United Airlines	$94.99	$89.89	-5.37%	Buy
LUV	Southwest Airlines	$32.81	$30.28	-7.71%	Hold
JBLU	JetBlue Airways	$7.30	$6.31	-13.56%	Hold
AAL	American Airlines Group	$16.72	$14.44	-13.64%	Hold
ALGT	Allegiant Travel Company	$83.73	$62.75	-25.06%	Hold

SAVE Forecast FAQ

Is Spirit Airlines a good buy?

Yes, according to 11 Wall Street analysts, Spirit Airlines (SAVE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 54.55% of SAVE's total ratings.

What is SAVE's price target?

Spirit Airlines (SAVE) average price target is $2.13 with a range of $2 to $2.25, implying a 209.82% from its last price of $0.688. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Spirit Airlines stock go up soon?

According to Wall Street analysts' prediction for SAVE stock, the company can go up by 209.82% (from the last price of $0.688 to the average price target of $2.13), up by 227.27% based on the highest stock price target, and up by 190.91% based on the lowest stock price target.

Can Spirit Airlines stock reach $1?

SAVE's average twelve months analyst stock price target of $2.13 supports the claim that Spirit Airlines can reach $1 in the near future.

What are Spirit Airlines's analysts' financial forecasts?

Spirit Airlines's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4.51B (high $4.51B, low $4.51B), average EBITDA is $-23.835M (high $-23.835M, low $-23.835M), average net income is $-514M (high $-514M, low $-514M), average SG&A $179.1M (high $179.1M, low $179.1M), and average EPS is $-4.697 (high $-4.697, low $-4.697). SAVE's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $4.2B (high $4.2B, low $4.2B), average EBITDA is $-22.2M (high $-22.2M, low $-22.2M), average net income is $-678M (high $-678M, low $-678M), average SG&A $166.81M (high $166.81M, low $166.81M), and average EPS is $-6.19 (high $-6.19, low $-6.19).

Did the SAVE's actual financial results beat the analysts' financial forecasts?

Based on Spirit Airlines's last annual report (Dec 2023), the company's revenue was $5.36B, which missed the average analysts forecast of $5.4B by -0.73%. Apple's EBITDA was $-68.532M, missing the average prediction of $-242M by -71.63%. The company's net income was $-447M, missing the average estimation of $-486M by -7.90%. Apple's SG&A was $0, missing the average forecast of $214.76M by -100.00%. Lastly, the company's EPS was $-4.1, beating the average prediction of $-3.357 by 22.12%. In terms of the last quarterly report (Dec 2023), Spirit Airlines's revenue was $1.32B, beating the average analysts' forecast of $1.32B by 0.38%. The company's EBITDA was $-101M, beating the average prediction of $-6.967M by 1356.60%. Spirit Airlines's net income was $-184M, beating the average estimation of $-155M by 18.23%. The company's SG&A was $0, missing the average forecast of $52.35M by -100.00%. Lastly, the company's EPS was $-1.68, beating the average prediction of $-1.419 by 18.43%